ICE Review : Canola Finishes in With Dip

WINNIPEG, Manitoba–Intercontinental Exchange canola futures closed steady to lower on Friday, unable to hang on to gains in the last minutes of trading. It was a similar circumstance with MATIF rapeseed which was also steady to lower. Small losses in crude oil applied additional pressure on the vegetable oils. The declines were tempered by increases in Chicago soybeans and soyoil, along with Malaysian palm oil. Despite the losses in the January canola contract, it remained above its 20- and 50-day moving averages and less than C$6 behind its 100-day average. Statistics Canada will release its next production report on Dec….